On the day after the historic vote in favor of health care reform, health care stocks were on the move higher. This meant a sixth consecutive close in overbought territory above the 200-day moving average for health care exchange-traded funds like the ^VHT^ and the ^IYH^.
Buyers were also aggressive in the materials sector. Up by nearly 2% on the day was the ^UYM^.
Here are 7 ETFs You Need to Know for Tuesday.
Among the exchange-traded funds likely to take their top ETF PowerRatings into trading on Tuesday are the ^EWD^ and the ^EWU^. Both ETFs earned major ETF PowerRatings upgrades early in the day on Monday.
Reversing its oversold bounce higher on Friday was the ^SDS^. The fund pulled back by more than 1% on Monday.
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Among ETFs earning top Leveraged ETF PowerRatings ahead of Tuesday’s trading is the ^UGL^, which was upgraded from a 6 to an 8 late in trading on Monday.
Two other country ETFs that have earned significant ETF PowerRatings upgrades going into trading on Tuesday are the ^RSX^ and the ^EWC^.
Climbing into overbought territory below the 200-day moving average at midday was the ^DUG^.